Budd: If a CEO tried to pull off what Mayor & Burke do, would he/she go to jail? Someone pointed out to me that in their final FY 2013 statement, they reckoned the interest they owed on accounts payable at an incredible $52,589,716 (Fig. 2). Say what?

"Accounts payable represents the amount of money a company owes to its supplier for the purchase of goods or services on credit."

Fig. 1 of same report shows the phony revenues of $52,764,773. But since they knew these revenues were tired fictions used to sell shares and power promotional pump and dumps, they needed to zero them out as a liability with cause. Then they could start fresh with a new con game called PCG. So, just call them interest owed on accounts payable! lol

"Accounts payable represents the amount of money a company owes to its supplier for the purchase of goods or services on credit. The accounts payable account is listed as a current liability because a company must pay its debt in a short period of time. Most companies require business customers to pay their invoices within 30 days and do not require interest payments."

Fig. 1


Fig. 2


Fig. 3